Lexington Residential Alternative Inc
- Assets
- $222.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Columbia, SC
- Founding
- 03/1987
- Data as of
- 06/2022
- EIN
- 57-0836697
Organization Overview
Lexington Residential Alternative Inc is located in West Columbia, SC. The organization was established in 1987. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Residential Alternative Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lexington Residential Alternative Inc generated $108.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $91.3k during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PROGRAM EXISTS SOLELY TO PROVIDE RESIDENTIAL SERVICES TO MENTALLY HANDICAPPED RESIDENTS IN AN 8 UNIT COMPLEX. ALL THE EXPENSES ARE ATTRIBUTABLE TO THE OPERATION OF THE PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Dobson Chairperson | 1 | $0 | |
Thoyd B Warren Ex Officio | 1 | $0 | |
Andrew Saleeby Director | 1 | $0 | |
Arthur Waters Ex Officio | 1 | $0 | |
Rahn Mccrady Director | 1 | $0 | |
Dr Dennis Lambries Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,948 |
| Total Program Service Revenue | $28,531 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $103 |
| Total Revenue | $108,582 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,446 |
| Professional fees and other payments to independent contractors | $8,734 |
| Occupancy, rent, utilities, and maintenance | $45,862 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,284 |
| Total expenses | $91,326 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,815 |
| Other assets | $0 |
| Total assets | $222,870 |
| Total liabilities | $142,729 |
| Net assets or fund balances | $80,141 |
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